In June, the median price for a single-family home in San Jose had jumped by nearly a quarter from the year before.

That’s one of the facts buried in a new annual report taking stock of the city’s financial performance over the last fiscal year, which ended June 30. Set to come before the City Council next week, the report outlines revenues and expenditures for each department at City Hall. But it also offers insight into everything from the local real estate market to unemployment levels.

Here are five key takeaways from the report:

1. Home prices ticked up

This summer, the median single-family home cost $1.23 million, up 23 percent from $996,000 last June. Homes were selling faster, too. In June, houses and condos were on the market for an average of 15 days, down from 18 days the previous year. Part of that likely has to do because there aren’t as many homes on the market as there used to be. In 2017-18, the average number of new listings was 704, six percent below last year’s average. The number of sales has also dropped, from 7,513 in 2017-18, to 7,883 in 2016-17.

2. Unemployment dropped

The employment level in the San Jose-Sunnyvale-Santa Clara region was three percent higher in June 2018 than it was in June of last year. Between June 2017 and June 2018, employment in the area grew by nearly 34,000 jobs, including nearly 9,000 more jobs in the information sector. The unemployment rate in June was just three percent compared to 3.4 percent the year before.

3. Air travel increased, but growth is set to slow

San Jose International Airport served 13.49 million passengers during the 2017-18 fiscal year, up a whopping 17.2 percent from the 11.51 million people served in 2016-17. The airport is expected to serve slightly more people — 13.52 million passengers — during the 2018-19 year.

The city issued 3,241 permits for new residential units in 2017-18, up 19.5 percent from the 2,712 it issued the previous year. But while construction in the residential category increased, it dropped in the commercial and industry categories. Overall, construction valuation in 2017-18 was $1.7 billion down from a record $1.9 billion the previous year.

5. The city’s general fund is solid

Broadly, San Jose’s finances look pretty close to what the city predicted. The 2017-18 general fund ending balance was $249.3 million, slightly higher than the $233.6 million estimate.

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